Glaukos Corp (GKOS)

Return on equity (ROE)

Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Net income (ttm) US$ in thousands -134,661 -129,342 -126,474 -139,198 -99,195 -89,607 -55,801 -27,747 -49,593 -38,369 -60,347 -82,759 -120,348 -73,119 -70,877 -37,292 15,424 -19,378 -12,493 -11,582
Total stockholders’ equity US$ in thousands 461,766 477,659 488,811 508,514 530,005 548,554 562,477 597,564 587,151 601,049 584,325 589,774 667,449 661,563 662,424 641,299 673,272 190,116 187,805 185,489
ROE -29.16% -27.08% -25.87% -27.37% -18.72% -16.34% -9.92% -4.64% -8.45% -6.38% -10.33% -14.03% -18.03% -11.05% -10.70% -5.82% 2.29% -10.19% -6.65% -6.24%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-134,661K ÷ $461,766K
= -29.16%

Glaukos Corporation's return on equity (ROE) has shown a declining trend over the past eight quarters, ranging from -29.16% in Q4 2023 to -4.64% in Q1 2022. This indicates that the company is not effectively utilizing its equity to generate profits for shareholders. The negative ROE values suggest that the company's net income is insufficient to cover the equity invested by shareholders.

The significant decrease in ROE from -4.64% in Q1 2022 to -25.87% in Q2 2023 reflects a deterioration in the company's profitability and efficiency in utilizing its equity. The downward trend in ROE over the quarters may be a cause for concern as it indicates a lack of profitability and efficiency in generating returns for shareholders relative to the equity invested in the company.

It is important for Glaukos Corporation to assess and address the factors contributing to the declining ROE in order to improve its financial performance and enhance shareholder value in the future. This may involve strategies to increase profitability, improve operational efficiency, or optimize the capital structure to enhance ROE.


Peer comparison

Dec 31, 2023